If you're new here, this blog will give you the tools to become financially independent in 5 years. Here's how I did it and here's a few dozen online journals from other people who are currently doing it. This is not some stupid get rich quick scheme. The method is robust and replicable (no need to win the lottery, sell your business, or win at real estate), but not easy; much in the same way that a diet results in weight loss but is hard to follow persistently unless you set your mind to it.
The key is to save 75%+ of your net income and invest it in income producing assets (bonds and dividend stocks). This is done by running your personal finances much like a business, thinking about assets and inventory and focusing on efficiency and value for money. See this post on how to enjoy a middle class lifestyle on $7,000/year (Please read it, especially the part about the lentils!). There is a "21 day" step-by-step plan for how to get beyond 75% in the left side bar. Also, check out my answers to Frequently Asked Questions which also covers common misconceptions regarding my personal budget, blog income, retirement, marriage, children, health care, etc. I also suggest reading About ERE in the top menu bar.
If you would like to do a guest post on earlyretirementextreme.com, send me an email.
The address is < my first name > @earlyretirementextreme.com
Also if you would like me to do a guest post on your blog, let me know. The condition here is that you have to suggest a topic where I can play the devil’s advocate. Anything goes, except index funds. I’m already working on that
Useful links:
Stop What You Are Doing Right Now and Download a Free Finance Book! – It’s Suze Orman’s “Women and Money” – offer lasts until 2/14 7p CST.
